<<This is like old times......(i hope)>>
hello pezz, i hope for same, and as i need walking-around cash, have imperative to meet capital calls, feed family, pay staff, and whatever else, i naturally, as in the good old times, reach for the "cloud atm"
tonight's report,
(1) issued marching orders for deployment of advance guard units per below
(i) bought lots of gdx shares at 55.43
(ii) short sold lots of contracts of gdx put december strike 54 at 2.772
(iii) short sold lots of contracts of gdx covered calls december strike 57 at 2.62
(2) checked up on this investment Message 20797265 made in november of 2004; specifically this coin
i had bought this (circa 146-202 BC) exact coin acsearch.info in 2000/2001 at the then asking price of US$ 9,750 (US$ 780/gram) from classic numismatic when gold was dirt at sub 450/troy oz (US$ 14.5/gram). Premium over then spot was 54x.
the historical significance of the time 146 bc was of course the final sacking of carthage en.wikipedia.org "The Battle of Carthage was the major act of the Third Punic War between the Phoenician city of Carthage in Africa (a suburb of present-day Tunis) and the Roman Republic. It was a siege operation, starting sometime between 149 and 148 BC, and ending in the spring of 146 BC with the sack and complete destruction of the city of Carthage."
My carthage coin, as long duration and napping capital, is only for casually talking about, heavy viewing, and steamy fondling, and is not for sale until whenever.
I do not see any other like it on-line. Eventually the coin would be used as teaching aids for the kids; the lesson being, "when times go dire, and they always do, gold money is the only money, and all other monies are lesser and pale reflections of gold. times were particularly dire for the forgotten people of carthage, and when its money had to be gold or nothing at all".
The closest acsearch.info coin, circa 237 BC is now ask CHF 20,000 (US$ 1,600/gram) and estimate @ CHF 25k, when gold is at US$ 40/gram. Premium over spot is 39x.
so, if we use the same pricing for my 'better' coin, the carthage destruction coin has doubled in 'value' in 6 years, as gold has tripled in celebration of on-rush of new dire times, the coin has done a 12% annualized return. nothing spectacular, and certainly no bubble. not yet.
cheers, tj |
